- Economy Overview: Phosphate mining is the only significant economic activity, but in November 1987 the Australian Government announced that the mine would be closed because of labor unrest. Plans are under way to build a casino and hotel to develop tourism.
GDP: $NA, per capita $NA; real growth rate NA%
Inflation rate (consumer prices): NA%
Unemployment rate: 0%
Budget: revenues $NA; expenditures $NA, including capital expenditures of
$NA
Exports: $NA; commodities—phosphate; partners—Australia, NZ
Imports: $NA; commodities—NA; partners—NA
External debt: $NA
Industrial production: growth rate NA%
Electricity: 11,000 kW capacity; 38 million kWh produced, 16,680 kWh per capita (1989)